Medical Device Manufacturer Constructs New Facility in Park 30 Business Center

Medical Device Manufacturer Constructs New Facility in Park 30 Business Center

The Whitley County Economic Development Corporation (EDC) and Wright Medical Group N.V., a global medical device manufacturer, recently announced the company will build a new research and development facility in Whitley County, creating up to 20 new, high-wage jobs.

Wright Medical Group N.V. is a recognized leader of surgical solutions for the upper extremity (shoulder, elbow, wrist and hand), lower extremity (foot and ankle) and biologics markets, three of the fastest growing segments in orthopedics.

“We are truly pleased that Wright Medical has decided to construct its research and development facility along Orthopedic Alley here in Whitley County.  Given our growing number of suppliers to the medical device industry, we believe that our other companies will benefit from the local development of Wright’s cutting-edge technology,” said Jon Myers, President of the Whitley County Economic Development Corporation.

The company celebrated with a groundbreaking event at Park 30 Business Center. Construction of the new state-of-the-art facility will involve a design-build team led by Michael Kinder & Sons, Inc. that includes Elevatus Architecture and Engineering Resources, Inc.

The Whitley County Council approved a ten-year tax abatement at the request of PB Development, LLC and the Whitley County EDC for construction and real estate development. The Whitley County Redevelopment Commission (Whitley County RDC) also agreed to provide funding for new street and cul-de-sac improvements in the park, and construction of a storm water retention pond, which will also serve two other available lots in the park.

“Indiana’s reputation as the orthopedics capital of the world continues to grow,” said Elaine Bedel, president of the Indiana Economic Development Corporation (IEDC). “As a state, we’re committed to providing a pro-growth business climate and skilling up our workforce so global companies like Wright Medical can continue to find success here. As Wright Medical increases its footprint in northern Indiana, we look forward to witnessing the new innovative solutions they develop for the medical device industry and the good jobs they create for Hoosiers in the community.”

The IEDC offered Wright Medical Group N.V. up to $260,000 in conditional tax credits and up to $40,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning that until Hoosiers are hired, the company is not eligible to claim incentives.

“On behalf of the Whitley County RDC we are pleased to support Wright Medical N.V. and the growth of the orthopedic industry in Whitley County, said chairman Jim Argerbright.”

Category Business Buzz